First Internet Bank

A premier provider of online banking services nationwide, First Internet Bank of Indiana opened for business in 1999 as the first state-chartered, FDIC-insured institution to operate solely via the Internet. With customers in all 50 states, First Internet Bank offers consumers services including checking, savings, money market, health savings, certificates of deposit and IRA accounts as well as consumer loans, residential mortgages, residential construction loans and home equity products. For commercial clients, it provides commercial real estate loans, commercial and industrial loans and treasury management services. The bank is a wholly owned subsidiary of First Internet Bancorp (NASDAQ: INBK).
Fishers, US
Size (employees)
152 (est)
First Internet Bank was founded in 1999 and is headquartered in Fishers, US

First Internet Bank Office Locations

First Internet Bank has an office in Fishers
Fishers, US (HQ)
11201 Usa Pkwy

First Internet Bank Data and Metrics

First Internet Bank Financial Metrics

First Internet Bank's revenue was reported to be $73 m in 2016

Revenue (Y, 2016)

73 m

Revenue growth (Y, 2015 - Y, 2016), %


Gross profit (Y, 2016)

53.8 m

Gross profit margin (Y, 2016), %


Net income (Y, 2016)

12.1 m

EBIT (Y, 2016)

35.4 m

Market capitalization (23-Jun-2017)

184.2 m

Closing share price (23-Jun-2017)


Cash (31-Dec-2016)

39.5 m
First Internet Bank's current market capitalization is $184.2 m.
USDFY, 2013FY, 2014FY, 2015Y, 2016


25.5 m31.2 m41.4 m73 m

Revenue growth, %


Cost of goods sold

10.7 m19.2 m

Gross profit

30.8 m53.8 m

Gross profit Margin, %


Operating expense total

25.3 m31.5 m


28.8 m35.4 m

EBIT margin, %


Pre tax profit

13.7 m18 m

Income tax expense

(2.3 m)1.2 m4.7 m5.9 m

Net Income

4.6 m4.3 m8.9 m12.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


53.7 m28.3 m25.2 m39.5 m

Accounts Receivable

2.9 m2.8 m4.1 m6.7 m


7.1 m7.1 m8.5 m10 m


4.7 m4.7 m4.7 m4.7 m

Total Assets

802.3 m970.5 m1.3 b1.9 b

Accounts Payable

102 k97 k117 k112 k

Retained Earnings

21.9 m25.1 m33 m43.7 m

Total Equity

90.9 m104.3 m153.9 m

Financial Leverage

8.8 x12.2 x12 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.6 m4.3 m8.9 m12.1 m

Depreciation and Amortization

2.3 m1.9 m1.9 m3.8 m

Accounts Receivable

(708 k)

Cash From Operating Activities

41.5 m2 m10.9 m26.5 m

Cash From Investing Activities

(185.4 m)(186.7 m)(304.2 m)(586.7 m)

Long-term Borrowings

(22 m)(95 m)

Dividends Paid

(450 k)(1.1 m)(1.1 m)(1.2 m)

Cash From Financing Activities

165.1 m159.3 m290.1 m574.6 m

Interest Paid

8.1 m8.9 m10.7 m19.2 m
USDY, 2016


480.1 k

Financial Leverage

12 x

First Internet Bank Market Value History

First Internet Bank Online and Social Media Presence

First Internet Bank News and Updates

First Internet Bank Company Life and Culture

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